Tagged : Buying a Sacramento Bank Owned Home
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Sunday, April 29th, 2012 at 1:48pm. 1695 Views, 10 Comments.
If you are a buyer involved in the current market, chances are you have come across at least one REO property. REO stands for Real estate Owned and it means that the property was acquired through foreclosure by the lienholder, and is now being sold in an effort to recover that lienholders losses. While there can be some disadvantages of buying a bank owned home, one thing is for certain: If you can handle the risk, there is a potential for some incredible deals.
Our company has been on both sides of the transaction when it comes to bank owned homes. We have represented many buyers, as well as had the experience of being on the listing side too. As you know, bank owned homes continue to flood the nation’s real estate market, and if you are…